London/Brussels, 19 July 2017 – The members of the Global Green Finance Council (GGFC), including EBF, support the transition to a sustainable economy and, during a recent meeting, welcomed the interim report of the European Commission’s High-Level Expert Group (HLEG) on sustainable finance. The financial sector can indeed play a key role in this transition especially by enabling the mobilisation and allocation of the considerable capital that will be required to finance it.

An EU strategy for sustainable finance will help align further the existing initiatives and efforts of the financial industry with policy objectives. Practical proposals such as for a common classification for sustainable projects, support for green finance guidelines and a disclosure framework that promotes harmonisation of metrics are positive developments. They will help ensure that all market participants are provided with greater clarity, transparency and certainty.

The members of the GGFC will actively support and contribute to the work of the European Commission’s HLEG and will help achieve its shared objectives. Martin Scheck, Chief Executive, ICMA (International Capital Market Association), said: “The members of the GGFC are committed to help bring about a financial system that fully integrates sustainability objectives.”

The Global Green Finance Council (GGFC) assembles mainly financial sector trade associations with the aim to coordinate and cross-fertilize green finance initiatives, and to pursue an open and constructive dialogue on green policy issues with the official sector. The GGFC is currently cooperating on a number of projects including Green Lending Principles and a directory of Global and European Green Finance Policy Initiatives.

Media Contact:

About the EBF:

The European Banking Federation is the voice of the European banking sector, uniting 32 national banking associations in Europe that together represent some 4,500 banks – large and small, wholesale and retail, local and international – employing about 2.1 million people. EBF members represent banks that make available loans to the European economy in excess of €20 trillion and that securely handle more than 400 million payment transactions per day. Launched in 1960, the EBF is committed to creating a single market for financial services in the European Union and to supporting policies that foster economic growth.

REGISTRATION NOW OPEN

BRUSSELS KICK-OFF EUROPEAN MONEY WEEK 2018

The European Money Week is organized by the European Banking Federation to highlight financial education. This year, the main topic at the Brussels kick-off will be the gender gap in financial literacy, as well as the role of financial literacy in sustainable finance. The EBF kick-off event brings together academic speakers, financial education specialists, policy-makers and financial sector representatives.REGISTER HERE

REGISTRATION NOW OPEN

FINTECH TOOL & DIGITAL SKILLS SEMINAR

In a half-day seminar we aim to discuss the financial education in light of the digital revolution. Let’s be amazed by the possibilities Fintech tools can give us and how digital literacy is crucial to remain future-proof. REGISTER HERE

On 26 Feb I’ll chair a high level roundtable on virtual currencies. @EU_Commission and representatives of central banks, supervisors and market players will look at long-term trends linked to #cryptocurrencies and examine if current regulation is fit for purpose.

Another day of training for our bank colleagues volunteers who participate in our 4o Edition of “Your finance, your future" Thanks so much to you all @Aebanca @EdufinAEB #TusFI @JASPAIN #AebMultiplica #EMW18 @EUMoneyWeek

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.